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In the Bitcoin system, participants are rewarded for solving cryptographic puzzles. In order to receive more consistent rewards over time, some participants organize mining pools and split the rewards from the pool in proportion to each…

密码学与安全 · 计算机科学 2023-09-14 Yujin Kwon , Dohyun Kim , Yunmok Son , Eugene Vasserman , Yongdae Kim

Selfish mining is a well known vulnerability in blockchains exploited by miners to steal block rewards. In this paper, we explore a new form of selfish mining attack that guarantees high rewards with low cost. We show the feasibility of…

密码学与安全 · 计算机科学 2018-12-18 Muhammad Saad , Laurent Njilla , Charles Kamhoua , Aziz Mohaisen

Bitcoin is a "crypto currency", a decentralized electronic payment scheme based on cryptography. Bitcoin economy grows at an incredibly fast rate and is now worth some 10 billions of dollars. Bitcoin mining is an activity which consists of…

密码学与安全 · 计算机科学 2014-12-03 Nicolas T. Courtois , Lear Bahack

Eyal and Sirer's selfish mining strategy has demonstrated that Bitcoin system is not secure even if 50% of total mining power is held by altruistic miners. Since then, researchers have been investigating either to improve the efficiency of…

多智能体系统 · 计算机科学 2018-02-08 Tin Leelavimolsilp , Long Tran-Thanh , Sebastian Stein

Mining attacks aim to gain an unfair share of extra rewards in the blockchain mining. Selfish mining can preserve discovered blocks and strategically release them, wasting honest miners' computing resources and getting higher profits.…

密码学与安全 · 计算机科学 2024-04-09 Jiaping Yu , Shang Gao , Rui Song , Zhiping Cai , Bin Xiao

Mining attacks enable an adversary to procure a disproportionately large portion of mining rewards by deviating from honest mining practices within the PoW-based blockchain system. In this paper, we demonstrate that the security…

密码学与安全 · 计算机科学 2025-05-12 Junjie Hu , Na Ruan

Bitcoin is a decentralized crypto-currency, and an accompanying protocol, created in 2008. Bitcoin nodes continuously generate and propagate blocks---collections of newly approved transactions that are added to Bitcoin's ledger. Block…

密码学与安全 · 计算机科学 2015-07-24 Ayelet Sapirshtein , Yonatan Sompolinsky , Aviv Zohar

In this paper we revisit the mining strategies in proof of work based cryptocurrencies and propose two strategies, we call smart and smarter mining, that in many cases strictly dominate honest mining. In contrast to other known attacks,…

密码学与安全 · 计算机科学 2019-02-13 Guy Goren , Alexander Spiegelman

Bitcoin's security relies on its Proof-of-Work consensus, where miners solve puzzles to propose blocks. The puzzle's difficulty is set by the difficulty adjustment mechanism (DAM), based on the network's available mining power. Attacks that…

密码学与安全 · 计算机科学 2025-02-12 Roozbeh Sarenche , Svetla Nikova , Bart Preneel

Bitcoin uses blockchain technology to maintain transactions order and provides probabilistic guarantee to prevent double-spending, assuming that an attacker's computational power does not exceed %50 of the network power. In this paper, we…

密码学与安全 · 计算机科学 2024-11-19 Ghader Ebrahimpour , Mohammad Sayad Haghighi

The consensus protocol named proof of work (PoW) is widely applied by cryptocurrencies like Bitcoin. Although security of a PoW cryptocurrency is always the top priority, it is threatened by mining attacks like selfish mining. Researchers…

密码学与安全 · 计算机科学 2019-07-09 Hanqing Liu , Na Ruan , Joseph K. Liu

This paper studies a fundamental problem regarding the security of blockchain PoW consensus on how the existence of multiple misbehaving miners influences the profitability of selfish mining. Each selfish miner (or attacker interchangeably)…

密码学与安全 · 计算机科学 2023-04-04 Qianlan Bai , Yuedong Xu , Nianyi Liu , Xin Wang

The Bitcoin protocol prescribes certain behavior by the miners who are responsible for maintaining and extending the underlying blockchain; in particular, miners who successfully solve a puzzle, and hence can extend the chain by a block,…

计算机科学与博弈论 · 计算机科学 2019-06-12 Francisco J. Marmolejo-Cossío , Eric Brigham , Benjamin Sela , Jonathan Katz

We study selfish mining in Ethereum. The problem is combinatorially more complex than in Bitcoin because of major differences in the reward system and a different difficulty adjustment formula. Equivalent strategies in Bitcoin do have…

密码学与安全 · 计算机科学 2019-05-01 Cyril Grunspan , Ricardo Pérez-Marco

We study the incentives behind double-spend attacks on Nakamoto-style Proof-of-Work cryptocurrencies. In these systems, miners are allowed to choose which transactions to reference with their block, and a common strategy for selecting…

计算机科学与博弈论 · 计算机科学 2023-12-14 Yanni Georghiades , Rajesh Mishra , Karl Kreder , Sriram Vishwanath

Proof-of-Work blockchain, despite its numerous benefits, is still not an entirely secure technology due to the existence of Selfish Mining (SM) strategies that can disrupt the system and its mining economy. While the effect of SM has been…

密码学与安全 · 计算机科学 2019-10-08 Tin Leelavimolsilp , Long Tran-Thanh , Sebastian Stein , Viet Hung Nguyen

Blockchain denial of service (BDoS) and selfish mining are the two most crucial attacks on blockchain technology. A classical DoS attack targets the computer network to limit, restrict, or stop accessing the system of authorized users which…

密码学与安全 · 计算机科学 2023-10-31 Md. Ahsan Habib , Md. Motaleb Hossen Manik

Seminal work of Eyal and Sirer (2014) establishes that a strategic Bitcoin miner may strictly profit by deviating from the intended Bitcoin protocol, using a strategy now termed *selfish mining*. More specifically, any miner with $>1/3$ of…

计算机科学与博弈论 · 计算机科学 2024-02-06 Maryam Bahrani , S. Matthew Weinberg

The Bitcoin cryptocurrency has received much attention recently. In the network of Bitcoin, transactions are recorded in a ledger. In this network, the process of recording transactions depends on some nodes called miners that execute a…

密码学与安全 · 计算机科学 2023-02-15 Ali Nikhalat-Jahromi , Ali Mohammad Saghiri , Mohammad Reza Meybodi

Bitcoin and Ethereum are the top two blockchain-based cryptocurrencies whether from cryptocurrency market cap or popularity. However, they are vulnerable to selfish mining and stubborn mining due to that both of them adopt Proof-of-Work…

密码学与安全 · 计算机科学 2021-12-07 Runkai Yang , Xiaolin Chang , Jelena Mišić , Vojislav B. Mišić
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